Business
TransAlta and TransAlta Renewables Announce President and Chief Executive Officer Succession
TransAlta and TransAlta Renewables Announce President and Chief Executive Officer Success...
About this update from Transalta Corporation
[{"type":"text","content":"\n \n \n \n TransAlta and TransAlta Renewables Announce President and Chief Executive Officer Succession\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Feb. 4, 2021\n \n /CNW/ - TransAlta Corporation (TSX:TA) (NYSE:TAC) (\"TransAlta\" or the \"Company\") today announced that\n \n Dawn Farrell\n \n , President and Chief Executive Officer (\"CEO\"), will retire from the Company and the Board on\n \n March 31, 2021\n \n , after leading the company for almost a decade. John Kousinioris, currently Chief Operating Officer (\"COO\") and President of TransAlta Renewables Inc. (TSX: RNW) (\"TransAlta Renewables\"), will succeed Mrs. Farrell as President and Chief Executive Officer and will join the Board of TransAlta on\n \n April 1\n \n , 2021.\n \n \n \"Over the past decade, we've seen the electricity sector fundamentally shift due to regulatory changes, increased competition and technological advancement. I'm proud that TransAlta has faced into these challenges and has been able to accomplish a momentous multi-year transformation: from a primarily\n \n Alberta\n \n -based, coal-fired electricity company into a leading clean and renewables-focused electricity company spanning three countries, delivering growing cash flows, and competitively positioned to take on the vast opportunities ahead of the net zero economy,\" said Mrs. Farrell.\n \n \n \"Dawn has navigated TransAlta through the final stages of electricity de-regulation in\n \n Alberta\n \n while also aggressively adjusting the company's strategy to respond to major shifts in the regulation of carbon. Through her strategic leadership, she has succeeded in transforming TransAlta into a sustainable and renewables-focused leader in the power industry,\" remarked\n \n John Dielwart\n \n , Chair of the Board of Directors. \"On behalf of all Board members, we thank her for her service and leadership and wish her all the best in retirement.\"\n \n \n \"Executive development and succession planning are critical responsibilities of the Board of Directors a...